Indonesia Closely Monitoring Insurance Industry

Indonesia's Financial Services Authority (OJK) revealed that it was closely monitoring the country's insurance industry, especially the industry's exposure to bonds and stocks. Authority head...

ANZ Selling Stake in Indonesia’s Panin Bank for USD740 Million

The Australia and New Zealand Banking Group (ANZ) has officially put its stake in Indonesia's Panin Bank on a formal auction as it seeks...

Briefly: Indonesia To Allow Higher Foreign Stakes in Local Banks

From the current limit of 40 percent, Indonesia's Financial Services Authority has hinted that it is open to lifting the curb and allowing a...

S&P Revises Indonesia’s Sovereign Credit Outlook to Positive

INDONESIA - American financial services firm Standard and Poor's (S&P) revised Indonesia’s rating outlook from Stable to Positive and affirmed the rating at BB+. The...

Hanwha Life of Korea To Double Number Of Financial Consultants in Indonesia

JAKARTA, INDONESIA – South Korea’s first life insurance company, Hanwha Life Insurance, is seeking to hire 650 new financial consultants in Indonesia within this...